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The executives will report to Jenise Klein, CUO for North America. -
Challenges in claims frequency and carrier competition are likely to remain.
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‘Emotionally driven’ claims by non-profits underscore their unique D&O exposures, according to Travelers' Nicole Murphy.
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A Delaware judge ruled that a “bump-up” exclusion was inapplicable.
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Around $155m of the businesses in-force gross premium will be transferred to Core Specialty.
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Federal court securities class actions hit a four-year high last year.
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Frequency and severity of claims is starting to rise, and comes after sharp softening of rates.
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IAP served as financial adviser to Atri in the transaction.
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The pair will lead crisis management and financial lines, respectively.
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Both the US and UK had busy summers, but the talent momentum in the US did not continue into Q4.
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Batch coverage is also coming into focus as insurers look for ways to reduce exposure to large losses.
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The expectation – and strong hope – is that deregulation will spur growth and bring benefits to the D&O line.
